Business

Binance aims to become a super app with Splyt crypto partnership

[ad_1] The world’s largest cryptocurrency exchange, Binance has partnered with Splyt, a “super app enabler,” to bring payment options to the Binance application. Payment options made for Splyt services include cryptocurrency. When live, the integration will allow Binance users to pay for ridehailing services, but “also bikesharing, scooters, airport transfers, public transport and even food delivery,” a Splyt spokesperson told Cointelegraph.As per usual, Binance CEO Changpeng Zhao, better known as "CZ,"
Business

Web3, unpacking regulations, and optimism for crypto’s future

[ad_1] “Everything is bigger in Texas” proved to be true during Consensus 2022. The crypto conference took place June 9–12 in Austin, Texas, this year, attracting 17,000 people from across the globe, despite the 100-degree plus weather. According to the event sponsors, Consensus 2018, which was held at the Hilton Hotel in New York, had previously drawn in almost 9,000 attendees. Caitlin Long, CEO of Custodia — the Wyoming-based digital asset
Business

El Salvador ‘has not had any losses’ due to Bitcoin price dive, finance minister says

[ad_1] Alejandro Zelaya, the minister of finance of El Salvador, reacted to the recent media attacks on the nation’s strategy of investing in Bitcoin (BTC) by calling the allegations of fiscal risks “extremely superficial.”During a press conference held on Monday, Zelaya responded to a journalist's question about the government's reaction to Bitcoin's sharp dip in an emotional manner: “There is a clear criticism of Bitcoin as such, not of El
ANALYSIS

What is MetaPay and how does it work?

[ad_1] When people began communicating with one another over a wired communication system, the internet, not long ago, it ushered in a revolution in the rate of user acceptance of the technology involved. Users could converse more readily anywhere and anytime when wired technology gave way to mobile technology. For example, smartphones are now bringing a flood of other services to the Metaverse. The Metaverse is a three-dimensional virtual place that
Business

Taxes of top concern behind Bitcoin salaries, Exodus CEO says

[ad_1] Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday.Since launching its software crypto wallet back in 2015, Exodus has been paying its staff 100% in BTC, Exodus co-founder and CEO JP Richardson told Cointelegraph.The company continued to pay all its 300 employees in BTC even during major market downturns, by
BUY/SELL

BTC price crashes to $20.8K as ‘deadly’ candles liquidate $1.2 billion

[ad_1] Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price hits 18-month lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $20,816, on Bitstamp, its lowest since the week of December 14, 2020.A sell-off that began before the weekend intensified after the June 13 Wall Street opening bell, with Bitcoin and altcoins
Business

ZED RUN founder envisions user narrative-driven Metaverse

[ad_1] Chris Laurent, the founder of the popular-digital horse racing game ZED RUN, envisions a future where people will spend their free time developing their own unique narratives within the Metaverse. This virtual world will contain a mix of gaming, entertainment and social experiences underneath an overarching storyline, he believes:“My perception of the metaverse isn’t just a meeting of people, it’s coming home after work and not turning on Netflix but
Business

NYC Mayor Eric Adams speaks out against PoW mining ban legislation

[ad_1] New York City’s Mayor Eric Adams spoke out on Monday against a bill just one step away from effectively banning Bitcoin mining in the state for the next two years.The bill is designed to place a two-year moratorium on proof-of-work (PoW) crypto miners who do not use 100% renewable energy. At the same time, New York state’s environmental agency is investigating the effects of mining on the environment. The
Business

NFT trading volume surges amid market and floor price crash

[ad_1] Nonfungible token (NFT) trading volume has surged over the past 24 hours as crypto markets tank taking floor prices of many top NFT collections along with it.A long list of top NFT projects such as Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Crypto Punks and Sorare have all seen more than 100% increases in 24-hour trading volumes as investors look to snap up cheaper NFTs as
BLOCKCHAIN

Illicit crypto usage as a percent of total usage has fallen: Report

[ad_1] Illicit cryptocurrency activity in 2021 and the first quarter of 2022 has declined as a percentage of overall crypto activity, according to blockchain forensics firm CipherTrace.The cryptocurrency industry has long held a reputation in some jurisdictions as a haven for illegal activity. However, CipherTrace estimates that illicit activity was between 0.62% and 0.65% of overall cryptocurrency activity in 2020. The firm reported that it has now fallen to between